In this week’s Live from the Vault, Andrew Maguire explains the multi-layered pressures on gold, where price is being actively influenced rather than reflecting natural flows, and the recent correction masks strong underlying physical demand.

Andrew highlights key drivers including PPT intervention in derivatives, COMEX speculators, sovereign and oil-linked selling, and central bank accumulation, marking the transition from paper-driven selling to physical market dominance.

Send your questions to Andy here: https://www.speakpipe.com/LFTV

Timestamps: 
00:00 Start
03:01 Breakdown of the main actors selling gold and their market impact
10:42 Central banks and sovereigns step in, triggering the gold price reversal
18:45 Fed trapped by inflationary shocks; gold positioned for the next leg higher
21:46 Race to exchange dollars for gold
23:47 Comex and LBMA overwhelmed by delivery requests
27:05 Physical gold dominance emerges


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The opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.

Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.